Buchanan, VA
Population 1,271 · Virginia
About Buchanan, VA
Buchanan is a small community in Virginia with a population of 1,271 residents. The median household income is $52,474 per year, which is near the national average. The median age in Buchanan is 43.7 years.
Housing in Buchanan has a median home value of $201,900 and median monthly rent of $929. Of the 613 total housing units, the majority are owner-occupied, with 386 owner-occupied and 117 renter-occupied units.
The unemployment rate in Buchanan is 6.3% and the poverty rate is 17.9%. 31.7% of residents hold a bachelor's degree or higher. The average commute time is 33 minutes.
Cost of Living in Buchanan, VA
Compared to national averages, Buchanan has a median household income of $52,474 (30% below the national median of $75,149). Home values average $201,900, which is 18% below the national median. Monthly rent at $929 is 20% below the US average of $1,163. Within Virginia, Buchanan's income is 40% below the state average of $87,957, and home values are 38% below the state median of $327,514.
Why Live in Buchanan, VA?
Buchanan offers affordable housing with a median home value of $201,900, below the US average of $244,900, and rent that’s lower than the national average at $929/month.
Potential considerations include median household income ($52,474) that falls below the national average. However, Buchanan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buchanan has a population of 1,271 with a median age of 43.7 years. Compare Buchanan with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Buchanan
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brookneal | 1,275 | $45,909 | $115,000 | Compare |
| Gretna | 1,275 | $36,023 | $140,900 | Compare |
| Rustburg | 1,276 | $70,771 | $238,900 | Compare |
| Cape Charles | 1,278 | $51,250 | $589,000 | Compare |
| Glasgow | 1,253 | $50,625 | $117,100 | Compare |
| Penhook | 1,253 | $99,176 | $476,500 | Compare |
| Harriston | 1,252 | $91,625 | $149,100 | Compare |
| Jonesville | 1,290 | $17,716 | $122,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Buchanan
What is the population of Buchanan, VA?
The population of Buchanan, VA is 1,271 according to the latest Census data.
What is the median household income in Buchanan?
The median household income in Buchanan, VA is $52,474 per year.
What is the median home value in Buchanan?
The median home value in Buchanan, VA is $201,900.
What is the average rent in Buchanan?
The median monthly rent in Buchanan, VA is $929.
What is the unemployment rate in Buchanan?
The unemployment rate in Buchanan, VA is 6.3%.